VISION

To be the Nation’s Leader in Skills Development.

MISSION

To Enhance Nation’s Enterprise Competitiveness through Skills Development.

ESTABLISHMENT OF THE ORGANIZATION

The Skills Development Fund Limited (SDFL) was first established in 1998 as a pilot project on a recommendation by the Presidential Task Force on Technical Education and Vocational Training. During this pilot phase the Fund was sponsored by the ILO and the UNDP.

On 20th August 1999, the SDFL was incorporated as a limited liability company under the Companies Act No 17 of 1982, bearing registration number N (PBS) 832.

The cabinet approved an investment of Rs.100 million in September 1999 in ordinary shares in the company which was invested in secure investment by the SDFL. It was suggested that the income caused from this investment and from the operations of the company would be sufficient to meet the recurrent expenditure. This arrangement was to ensure that the SDFL will be self-sustaining and also the initial investment of the government, Employers Federation of Ceylon and other investors is safeguarded.

The SDFL was re-registered under the new Companies Act No.07 of 2007 bearing Registration No. PB 833.

OBJECTIVES

  • To support job entry training, skills upgrading and re-training of employees.
  • To expand and improve enterprise-based training to facilitate the development of a highly trained and skilled workforce.
  • To provide a link between training institutions and employers.